The graphics are clearly not technologically bleeding-edge, but I like the aesthetics.

Then again, I'll take interesting and consistent aesthetics over bleeding-edge technology any day of the week. I liked the looks of Jade Empire way more than Mass Effect, and the former is technologically positively stone-age compared to the latter.

Given the time this has been in development, I consider this highly encouraging — just perhaps they've spent that much more effort on story, gameplay, and environment design.